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If Treasury bills are currently paying 5.7 percent and the inflation rate is 3.4 percent, what is the approximate and the exact real rate of

If Treasury bills are currently paying 5.7 percent and the inflation rate is 3.4 percent, what is the approximate and the exact real rate of interest? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

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